Frost Radar™: Healthcare Enterprise Managed Cloud Services, 2024
Published on: 25-Apr-2024 | SKU: HC_2024_679

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In the cloud industry and most other technology-related industries, 2024 will be all about artificial intelligence (AI). Businesses are grappling with how they can leverage AI (particularly generative AI) to meet their goals. Public cloud providers are at the forefront of efforts to accelerate customers’ AI adoption by developing foundational models and user-friendly toolsets.

n the past three years, a new chapter in cloud computing has begun—one marked by verticalization and the rise of industry clouds, among which healthcare is the most prominent and fastest-growing.

The healthcare industry witnessed an unprecedented uptick in demand during the COVID-19 pandemic, necessitating rapid digital transformation. Industry challenges include the high cost of providing services to patients, cybersecurity threats, expanding telehealth infrastructure, and the need to reach a wider population in novel ways.

Not surprisingly, the greatest challenges with cloud implementation for healthcare companies are managing costs, ensuring compliance while adjusting tech strategy in response to market environments, and keeping up with the rapid pace of technological change. In addition, they quickly discovered that the complexity of hybrid and multicloud environments outpaced their resources.

As a result, these organizations quickly turned to third-party expert managed services providers for help in designing, implementing, and managing their hybrid cloud environments.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.

Healthcare Enterprise Managed Cloud Services 2024

  • Healthcare Enterprise Managed Cloud Services

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

Have questions about this research or need deeper insights?
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Growth Dialog™

A tailored session with you where we identify the:
  • Strategic Imperatives
  • Growth Opportunities
  • Best Practices
  • Companies to Action

Impacting your company's future growth potential.

In the cloud industry and most other technology-related industries, 2024 will be all about artificial intelligence (AI). Businesses are grappling with how they can leverage AI (particularly generative AI) to meet their goals. Public cloud providers are at the forefront of efforts to accelerate customers AI adoption by developing foundational models and user-friendly toolsets. n the past three years, a new chapter in cloud computing has begun one marked by verticalization and the rise of industry clouds, among which healthcare is the most prominent and fastest-growing. The healthcare industry witnessed an unprecedented uptick in demand during the COVID-19 pandemic, necessitating rapid digital transformation. Industry challenges include the high cost of providing services to patients, cybersecurity threats, expanding telehealth infrastructure, and the need to reach a wider population in novel ways. Not surprisingly, the greatest challenges with cloud implementation for healthcare companies are managing costs, ensuring compliance while adjusting tech strategy in response to market environments, and keeping up with the rapid pace of technological change. In addition, they quickly discovered that the complexity of hybrid and multicloud environments outpaced their resources. As a result, these organizations quickly turned to third-party expert managed services providers for help in designing, implementing, and managing their hybrid cloud environments. Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar . The publication presents competitive profiles of each company on the Frost Radar considering their strengths and the opportunities that best fit those strengths.
More Information
Deliverable Type Frost Radar
Author Dr. Rishi Pathak
Industries Healthcare
No Index No
Is Prebook No
Keyword 1 Healthcare Cloud Industry Trends
Keyword 2 Managed Cloud Services Insights
Keyword 3 Enterprise Cloud Solutions 2024
Podcast No
WIP Number K9A7-01-00-00-00

Frost Radar™: Healthcare Enterprise Managed Cloud Services, 2024

HealthcareFrost Radar™: Healthcare Enterprise Managed Cloud Services, 2024

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
25-Apr-2024
REGION
Global
Deliverable Type
Frost Radar
Research Code: K9A7-01-00-00-00
SKU: HC_2024_679
AvailableYesPDF Download
$4,950.00
In stock
SKU
HC_2024_679